ServiceTitan, a leading software provider for home service businesses, is gearing up for its highly anticipated initial public offering (IPO) in the United States. The company has revised its pricing range upwards, aiming to raise up to $589.6 million.
This move comes amidst a resurgence in the IPO market in 2024, with several venture-backed companies successfully going public. ServiceTitan’s IPO is expected to further fuel this trend and attract significant investor interest.
Founded by Ara Mahdessian and Vahe Kuzoyan, ServiceTitan has established itself as a dominant player in the home services industry. The company’s software platform provides a comprehensive suite of tools and solutions for businesses operating in the heating, ventilation, and air conditioning (HVAC) sector.
By going public, ServiceTitan aims to access additional capital to fuel its growth and expand its market reach. The company will be listed on the Nasdaq under the ticker symbol “TTAN.”
Goldman Sachs, Morgan Stanley, Wells Fargo, and Citigroup are the lead underwriters for the IPO, overseeing a syndicate of 14 firms.